https://www.taxtmi.com/caselaws?id=57575 The note explains that a revisional order under section 16(2) was not invalid merely because the notice and order contained descriptive errors and mixed account figures, where the record showed the authority had applied its mind and the assessee had participated without objection. It also states that, for a foreign company's surtax capital base, retained earnings and unappropriated profits forming part of other reserves were includible, and a reserve linked to capital expenditure on scientific research was not excluded simply because the related expenditure had been allowed in income-tax assessment. On these principles, the original assessments were not shown to be erroneous and prejudicial. en-us Fri, 17 Dec 1993 00:00:00 +0530 Fri, 10 Dec 2010 18:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57575 The note explains that a revisional order under section 16(2) was not invalid merely because the notice and order contained descriptive errors and mixed account figures, where the record showed the authority had applied its mind and the assessee had participated without objection. It also states that, for a foreign company's surtax capital base, retained earnings and unappropriated profits forming part of other reserves were includible, and a reserve linked to capital expenditure on scientific research was not excluded simply because the related expenditure had been allowed in income-tax assessment. On these principles, the original assessments were not shown to be erroneous and prejudicial. Case-Laws Income Tax Fri, 17 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57575